Nevermind

Keith Schneider | June 10, 2012

After the worst monthly performance in recent memory and a rocky start to June, the markets said never mind to those who were looking for a meltdown. Out came the baby bulls, finding Nirvana with a monster rally up over …


Not Too Sweet

Keith Schneider | June 3, 2012

To the ridicule of many, Mayor Bloomberg is attempting to make it illegal to sell some super-sized sugary drinks from NY City menus. Personally, it will not affect me as I swore off sodas long ago and moved to Santa …


Party On

Keith Schneider | May 28, 2012

The photo to the right is not a picture of a Chinese fashion event but that of an elite communist party member making her entrance to a Congressional meeting. This getup included a fur coat and Chanel boots. Personally, I …


About Face

Keith Schneider | May 20, 2012

The long awaited Facebook IPO hit the market with a resounding thud. Unlike Google’s IPO, which jumped over 20% on its first day out and then proceeded to run up another 500%, Facebook barely held on to its offering price. …


Rope-a-Dope

Keith Schneider | May 13, 2012

While Obama proclaimed his support for same sex marriage, the uncivil union between commercial banks and security firms reared up once again. JPMorgan announced a "small" trading loss of over $2 billion in a credit bet breaking bad, knocking off …


Economic Iceberg Ahead?

Keith Schneider | April 22, 2012

To steal a phrase from the eloquent baseball legend Yogi Berra "It’s Deja vue all over again". The stock market is just where we left it from last week, currently straddling the key moving averages with a bigger and more …


The Fed Sandbags the Market

Keith Schneider | April 15, 2012

No sooner than we all go home happy last weekend after the Fed pontificated that the recovery was moving along better than expected and easy money was no longer guaranteed, that the latest employment numbers (released last Friday) sandbagged the …


Training Wheels Off?

Keith Schneider | April 8, 2012

Current estimates of the fed stimulus year to date are at 2 trillion US dollars, so please pay your taxes on time as someone has to foot the bill. One might conclude that some of that money might have inadvertently …


Are Equities Playing the Wrong Tune?

Keith Schneider | March 25, 2012

This week the organizers of an Olympic shooting competition being held in Kuwait, inadvertently played the parody of the national anthem of Kazakhstan from the movie "Borat" instead of the real one, setting off outrage and a full blown Investigation. …


Climate Change

Keith Schneider | March 18, 2012

The effect of climate change has actually trickled down to the Stock Market as Equity Markets continued its melt up this week, ending up 2%. Good news from the Fed regarding the improving economy hit the tape and the market …